PFC: The amount of the borrowing will be limited to securing salaries, supplies, medicine and care

politics

29-10-2020, 16:31

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Baghdad - INA - Muhammad al-Talbi

The Finance Committee in the House of Representatives confirmed that there is a tendency to limit the amount of borrowing in the fiscal deficit law by securing salaries, ration items and medicines.

Committee reporter Ahmed Al-Saffar told the Iraqi News Agency (INA), today, Thursday: "The committee listened to the government's viewpoint regarding the financial spending of the Deficit Financing Law."

He added, "The Finance Committee is waiting for an answer to the question sent to the Prime Minister's Office regarding talking about the possibility of securing salaries in the event that the disability law is not approved, after which the amount of the borrowing will be determined."

He pointed out that the second reading of the deficit financing law may witness a reduction in the amount of borrowing to be limited to securing the salaries of employees and retirees, social care, ration card items, and medicines.